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Bitcoin (BTC) trades in a tight $65,000–$70,000 range on Wednesday, a structure that has held for the past two weeks.
The lower time frames show a bullish divergence, signaling fading short-term selling pressure, while futures data indicate fresh long positions opened from $66,000.
Analysts say the compression may precede a breakout attempt, with liquidity clusters below $66,000 and above $71,000 being the zones that may define the next directional move.
Bitcoin’s bullish divergence rests near a…
https://cointelegraph.com/news/bitcoin-s-consolidation-nears-turning-point-as-dollar70k-comes-in-focus-analyst?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
